Analyst target prices shifted across several sectors this week. Utility stocks dominated the downward revisions. Tech names saw more mixed action.
Akamai Technologies received a consensus target price upgrade, rising to $145.37 from $143.76. The CDN and cloud security firm carries 12% short interest. That upgrade may sting some bears. Akamai shares have drawn renewed attention amid growing demand for edge computing services.
W.W. Grainger also saw its consensus target lift, moving to $1,252.71 from $1,237. The industrial distributor has a $58B market cap and low short interest of just 2.6%. Analysts appear comfortable with its defensive earnings profile.
On the downside, a broad sweep of US utilities saw target prices trimmed. DTE Energy, Duke Energy, WEC Energy Group, and Public Service Enterprise Group all faced cuts. The pattern suggests sector-wide pressure, possibly from higher-for-longer rate concerns weighing on regulated utility valuations.
Cognizant Technology Solutions also saw a small target cut to $73.79 from $73.98. With 8.2% short interest, the IT services firm remains under moderate short pressure as IT spending outlooks stay cautious.
This is not financial advice.
ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data. Content is informational only and does not constitute investment advice.
